Cuba recorded a trade deficit of 6465 USD Million in 2021. source: National Office of Statistics, Republic of Cuba

Balance of Trade in Cuba averaged -4995.28 USD Million from 1990 until 2021, reaching an all time high of -535.50 USD Million in 1992 and a record low of -10570 USD Million in 2008. This page provides - Cuba Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba Balance of Trade - values, historical data and charts - was last updated on September of 2022.

Balance of Trade in Cuba is expected to reach -10600.00 USD Million by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cuba Balance of Trade is projected to trend around -10600.00 USD Million in 2023, according to our econometric models.

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Cuba Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -6465.00 -5528.00 USD Million Dec 2021
Current Account to GDP 0.20 1.40 percent of GDP Dec 2020
Current Account 2016.00 1237.00 USD Million Dec 2019
Imports 8431.00 7230.00 USD Million Dec 2021
Exports 1966.00 1703.00 USD Million Dec 2021
Tourist Arrivals 51116.00 23144.00 Nov 2021

Cuba Balance of Trade
Cuba runs consistent trade deficits as a result of low productivity and dependence on food imports. Cuba mainly exports nickel, cane sugar, cigars, fuel, beverages, metallic ores, fish, cement, oil and thyroid extract. Cuba mainly imports food, cereals, fuel, diesel engines, vehicles, motor parts and vegetable oils. Cuba’s main trading partners are Venezuela, China, Canada, Spain, Brazil, the Netherlands, the United States, México, Italy, France, Germany and Russia.
Actual Previous Highest Lowest Dates Unit Frequency
-6465.00 -5528.00 -535.50 -10570.00 1990 - 2021 USD Million Yearly